Tanzania is rich in resources but the vast majority of population is poor... One wonders why.. Well, wonder no more.
1. Improper use of resources - Many resources have been used in an inappropriate ways leading to lack of development from family to nation level. These include Natural resources and funds which are miss directed on unwanted and unplanned programs hence leaving the targeted development programs without funds to work with.
2. Corruption and selfishness - most leaders have been thinking on their own benefit rather than to the national benefits that's why many leaders have been involved in high level corruption on National programs and fund hence leading the country into poverty. This has included entering into void contracts, buying used equipment rather than new ones just to save money for themselves, and etc
3. Poor infrastructures (roads and rails and energy)-these should be the back bone of the economy and industrial development in Tanzania, most roads are not accessible throughout the year which makes it difficult to travel and transport goods around the country. There is lack of investments in new power generation including use of new and renewable energy sources in order to increase the rural households' supply with electricity.
4. Foreign investors - Most of these investors are from abroad and most of the investments benefits they get always go out of Tanzania and only small amount remain to be circulated in the Tanzanian economy. Some sectors which bring lots of money to Tanzania like tourism has majority of investors being foreigners and the big portion of the income from Tourism goes out of Tanzania the same goes for investors in mining, Natural resources, etc.
How to tackle these poverty problems:
1. It is important that all resources allocated to national programs, projects etc are used accordingly to attain the required results.
2. Leaders and everyone involved in leading other people should make sure that they do not think of themselves rather they should work for the country to bring about social and economic development, stop corruption in all levels of national activities.
3. Use the available resources to improve infrastructure especially roads and electricity generation . Electricity is an important economic driver. The country`s industrial development lags behind because of unreliable power supply,`
4. Encourage and facilitate local investors to invest in their economy since all the money will remain in Tanzania and will be felt in the Tanzania economy from family to National level.
1. Improper use of resources - Many resources have been used in an inappropriate ways leading to lack of development from family to nation level. These include Natural resources and funds which are miss directed on unwanted and unplanned programs hence leaving the targeted development programs without funds to work with.
2. Corruption and selfishness - most leaders have been thinking on their own benefit rather than to the national benefits that's why many leaders have been involved in high level corruption on National programs and fund hence leading the country into poverty. This has included entering into void contracts, buying used equipment rather than new ones just to save money for themselves, and etc
3. Poor infrastructures (roads and rails and energy)-these should be the back bone of the economy and industrial development in Tanzania, most roads are not accessible throughout the year which makes it difficult to travel and transport goods around the country. There is lack of investments in new power generation including use of new and renewable energy sources in order to increase the rural households' supply with electricity.
4. Foreign investors - Most of these investors are from abroad and most of the investments benefits they get always go out of Tanzania and only small amount remain to be circulated in the Tanzanian economy. Some sectors which bring lots of money to Tanzania like tourism has majority of investors being foreigners and the big portion of the income from Tourism goes out of Tanzania the same goes for investors in mining, Natural resources, etc.
How to tackle these poverty problems:
1. It is important that all resources allocated to national programs, projects etc are used accordingly to attain the required results.
2. Leaders and everyone involved in leading other people should make sure that they do not think of themselves rather they should work for the country to bring about social and economic development, stop corruption in all levels of national activities.
3. Use the available resources to improve infrastructure especially roads and electricity generation . Electricity is an important economic driver. The country`s industrial development lags behind because of unreliable power supply,`
4. Encourage and facilitate local investors to invest in their economy since all the money will remain in Tanzania and will be felt in the Tanzania economy from family to National level.
